Boner willing to accept new tax revenue

House Speaker John A. Boehner said Wednesday that Republicans are “willing to accept new revenue” coming to the federal government as part of a new debt deal, offering an early olive branch in the aftermath of Tuesday’s election.
But the Ohio Republican said new tax money must not come from higher tax rates — something President Obama has pushed for, at least for the wealthy — and said it should come instead from getting rid of loopholes that distort the tax code.

snip

“Does the increased revenue come from government taking a larger share of what the American people earn through higher tax rates?” Mr. Boehner told reporters in a speech at the Capitol a day after he saw voters renew but slim his majority. “Or does it come as the byproduct of a growing economy, energized by a simpler, cleaner, fairer tax code, with fewer loopholes, and lower rates for all?”

snip

Mr. Boehner also signaled that any deal that brings in new money to the government would have to include changes to entitlement programs such as Medicare and Medicaid, which take up an ever-increasing share of government spending.
Mr. Boehner pointed back to discussions he had with Mr. Obama last year, during the height of the debt showdown, when he said they talked about a deal that would lower tax rates but close enough loopholes to bring in more money to federal coffers.

3. needs to be rates and loopholes. Boehner has not moved from his original position.

30. He may come to regret that position...

if the Senate Democrats decide to play dirty and make the loophole they're pushing to eliminate the capital gains exemption and return capital gains to taxation as regular income. It would never pass the House, it'd probably barely pass the Senate and not even there if people though there was any chance of it actually becoming law.

It'd be a brutal club to beat him over the head with though..."we sent him exactly what he asked for and he refused to even vote on it." I want to see how fast he can change course and put rate increases on the table.

5. Boner shrivels on the issue

6. He knows not what he sayeth

Truth is, he's right. We'd do much better to give some supposed rate relief, to increase the money exposed to taxation. So we leave the rate where it is, and make sure we expose more of their income to taxation. We can start by making it harder to have their income classified as capital gains.

9. This part has me a little worried...

"Mr. Boehner also signaled that any deal that brings in new money to the government would have to include changes to entitlement programs such as Medicare and Medicaid, which take up an ever-increasing share of government spending."

Keep your filthy orange fingers off of Medicare and Medicaid! Don't start with this shit again!

36. That part should

probably have you more than "a little" worried. Our conservative DU'ers are likely already queuing up their snark and polishing their "tinfoil hat" comments for those that will inevitably come here to post their dismay over Obama's acceptance of changes to entitlement programs as outlined in the Simpson-Bowles plan.

11. How is this any different from what Romney campaigned on?

As was shown by detailed analysis during the campaign, "closing loopholes" doesn't do much unless you start taking away the deductions that primarily benefit the middle class.

And this whole "growing economy, energized by a simpler, cleaner, fairer tax code, with fewer loopholes, and lower rates for all" business is also straight out of the Romney playbook -- not to mention being total bullshit.

And I seriously doubt that eliminating loopholes could spur growth. People may bitch about having to do their taxes, but especially with tax software and online tax sites, it's not all that time-consuming -- unless you're someone like Romney with a 500-page return.

But the real bottom line is whether Boehner is serious or not, and at this point there's no evidence he is.

17. Hope

This Country may be divided but the populace who voted for the President were fed up with the Republican Agenda and a Congress that did nothing. I think Mr Boehner said a lot of progressive things today and I hope both Parties can now move forward which is sorely needed.

The GOP over the last four years Agenda failed them completely.

This Country has a lot of fiscal problems and needs fixing now for all of the Citizens, especially all who voted no matter for what Party.

26. Maybe Obama sent him a pocket calculator n/t

27. New Revenue From Lower Rates?

This is the Washington Times so I'm not sure why it was posted, but that is another story.

I can't see one iota of difference between what Boehner just said and what the voters just rejected, i.e., Romney's plan right down the line. That is a non-starter. It certainly does not show a willingness to compromise. Of course Boehner can't compromise because the incoming House Republicans would oust him as Speaker of the House if he did. This will force Obama to do an end run on Boehner.

33. Here we go....the "Grand Bargain" for Social Security and Medicare

34. Please Mr. President, let ALL the Bush tax cuts expire on target. We can negotiate

something afterwards for the less than $250K crowd. As an under $250k family, I would rather forfeit the Bust Tax Cuts in their entirety than to give up the Mortgage and charitable deductions. (Hey I live in California). Besides we know that the Bush tax cuts will affect those in the top 20% more than they impact the bottom 80%. I would be willing to return to the Clinton era tax rates if it means that those who have benefitted the most from the past 12 years pay more. Also, close the loophole which allows Romney and company to be taxed at the capital gains rate on his bogus "carried interest income" which should rightfully be taxed at the 'earned income' rate like most of us do.

43. President Obama

promised to let the Bush Taxcuts expire on the wealthy. This is simple. If the Republicans don't agree to it then let the electorate know the Republicans refused and on keeping the tax cuts for the middle class. All the President has to do is not sign a deal with tax cuts for the wealthy,just let it expire for everyone. That should be the Compromise to the Republicans. Take it or leave it.

We can can renegotiate the cuts for the military. If they refuse,then let the Public in their Districts know, for the midterms. The Dems should present the Deal and let people in their Districts know who voted for it. Put it on their record. That is the hammer, the President should use on the Republicans for midterm elections. Get them all on record. The bottom line to me is the President won while Boehner and McConnell loss. I don't think everybody in their Party should march lock step with them. Call them in and deal with them one on one. Especially in the districts the President won and the ones that will be up for re-election in their Districts. That is how he should deal with the Republicans.

41. Basically, he will change nothing

Boehner refuses to raise taxes on the wealthy - period. He is not in any way, shape, or form going to compromise with our president. He'll stick to the same losing tactic, and we are the ones who will suffer.